December 18, 1994 |
Four presidents signed a trade agreement here Saturday that unites the countries along South America's eastern coast from the steamy Amazon jungle to the frosty south. The Mercosur trade bloc of Brazil, Argentina, Paraguay and Uruguay will have a population of 200 million people and a combined economic output of $750 billion a year. The agreement takes effect Jan. 1. "Our predecessors always dreamed of a united America," said Argentine President Carlos Menem.
July 22, 2006 |
Riven with internal disputes, the South American trade bloc known as Mercosur sought to project a renewed sense of vigor and unity Friday as member nations welcomed oil-rich Venezuela to the group and lauded the attendance of Cuba's Fidel Castro.
April 30, 1991 |
The News Four South American countries, with a combined population of 190 million and a collective gross domestic product of $390 billion, signed a treaty March 26 to create a common market that is to eliminate all tariffs and other trade barriers among them by 1996. Officially named the Southern Common Market, it is known by the acronyms Mercosur in Spanish and Mercosul in Portuguese.
June 23, 1992
The presidents of Argentina, Brazil, Paraguay and Uruguay meet Friday and Saturday at this ski resort in the Argentine Andes to update their plans for a regional common market. The Southern Cone Common Market (MERCOSUR), with a combined population of nearly 200 million, is scheduled to be in full operation by January, 1995.
January 1, 1994 |
What once seemed like ivory tower daydreaming is now reality in the making: Huge trade blocs are forming up and down the Americas to let goods and services pass freely across international borders. Not only is there a NAFTA--the North American Free Trade Agreement, stretching from the Yukon to the Yucatan. There is also a SAFTA--a South American free-trade area that extends from Amazonia to Patagonia.
June 30, 1999 |
Although insisting that a proposed Europe-Latin America free-trade zone is not directed "against" the United States, 46 heads of state took a historic first step Tuesday toward lessening the dominance of Uncle Sam in his own backyard. Latin and European leaders agreed to start nontariff negotiations in November on a transatlantic trade deal to include the 15-nation European Union and the Mercosur trade bloc--of Brazil, Argentina, Paraguay and Uruguay.
July 16, 2001 |
As Argentina wrestles with its latest economic woes, one unintended victim of the crisis could be trade relations and a possible death blow to Mercosur, the trading partnership that comprises Argentina, Brazil, Paraguay and Uruguay. Born amid great hopes, Mercosur was supposed to provide a regional market for home-grown commodities and services. Instead, critics say, it has institutionalized the instability and inefficiency of its members.
December 14, 1995 |
European and South American leaders will shake hands Friday on a groundbreaking agreement aimed at freer trade and closer cooperation between the two continents. The framework will commit the European Union and Mercosur--Latin America's first full-fledged trading bloc--to a broad process of economic and political negotiations over a period of 10 years or more.
January 27, 2002
Supporters of the San Lorenzo soccer team will do anything to get a good view for the Mercosur Cup match against Flamengo on Thursday at the Nuevo Gasometro Stadium in Buenos Aires.
September 3, 2001 |
U.S. Trade Representative Robert Zoellick said the United States and the Mercosur countries of South America would hold a first set of free-trade talks this week in Uruguay. Zoellick made the announcement at the end of a trade ministers' meeting hosted by Mexico to narrow differences on the agenda for new world-trade talks. Zoellick said he would meet with the Mercosur countries of Brazil, Argentina, Paraguay and Uruguay on the sidelines of a Cairns Group meeting set for today and Tuesday.